What is NBFI?
A non-bank financial institution (NBFI) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFIs facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering
Related Q&A：
What is a national institution？Oh boy, a national institution is something really important and significant for a country. It could be like a government agency, a major cultural establishment, or a big organization that plays a crucial role in the functioning and development of the nation. For example, the national bank that manages the country's finances, or a prestigious university that contributes to education and research. These institutions often have a big impact on people's lives and help shape the country's identity and progress. They are like the backbone that supports and steers the nation forward.
